As a responsible credit provider, Bayport Financial Services is not only assisting the ‘missing middle’ with finance, but plays an instrumental role in their financial planning, education and debt management.
Bayport Financial services assists the ‘missing middle’
The financial services provided by Bayport, South Africa’s third largest unsecured lender, is playing a huge role in assisting those South Africans who form part of the ‘missing middle’. Due to a lack of security, they are usually refused loans from traditional financial institutions. Bayport steps in by not only enabling them to secure finance, but also plays a critical role in their financial education.
#SAINC met self-confessed shopaholic, Busisiwe Mthimkhulu, who describes the dire financial situation she found herself in after amassing a lot of debt at various banks and retailers.
Bayport’s debt consolidation loan service assisted her in consolidating all her loans and she is relieved at being in control of her financial situation once more.
Being a responsible credit provider, Bayport is passionate about making a difference in people’s lives. Not only do they help consumers with debt management, but they also provide them with financial planning tips, financial education, and product education. Through their trusted financial services, Bayport believes that they are contributing to the well-being of their clients, as well as helping them to build a bright future.